Ford Motor (NYSE:F) Shares Acquired by Redmont Wealth Advisors LLC

Redmont Wealth Advisors LLC boosted its position in Ford Motor (NYSE:F) by 14.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 48,332 shares of the auto manufacturer’s stock after purchasing an additional 6,048 shares during the quarter. Redmont Wealth Advisors LLC’s holdings in Ford Motor were worth $589,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in Ford Motor by 835.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,839 shares during the last quarter. Milestone Investment Advisors LLC acquired a new position in Ford Motor in the third quarter valued at $27,000. Quarry LP purchased a new position in Ford Motor in the second quarter valued at about $28,000. Peoples Bank KS purchased a new position in Ford Motor in the third quarter valued at about $29,000. Finally, Fairfield Bush & CO. purchased a new position in Ford Motor in the second quarter valued at about $29,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Up 0.1 %

Ford Motor stock traded up $0.01 during midday trading on Friday, hitting $12.07. The stock had a trading volume of 24,524,375 shares, compared to its average volume of 52,841,316. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. The stock has a market cap of $47.96 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.95 and a beta of 1.63. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The business has a fifty day moving average price of $12.60 and a 200 day moving average price of $11.76.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.17. The firm had revenue of $43.21 billion during the quarter, compared to analyst estimates of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. Ford Motor’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 earnings per share. Research analysts predict that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.33 dividend. This represents a yield of 4.7%. The ex-dividend date of this dividend was Thursday, February 15th. Ford Motor’s dividend payout ratio is currently 55.56%.

Insider Activity at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the transaction, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on F. Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 price objective on shares of Ford Motor in a research report on Wednesday, February 7th. Piper Sandler began coverage on Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective on the stock. Barclays raised their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Morgan Stanley raised their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Redburn Atlantic initiated coverage on Ford Motor in a research report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and an average price target of $13.82.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.